Practice Assurance monitoring
This page will give you an overview of how we will monitor your firm as part of the requirements of the Practice Assurance scheme.
Quality Assurance monitoring – updated December 2021
Our monitoring work is supervised by oversight regulators; the Financial Reporting Council (FRC) for audit; the Insolvency Service for insolvency; the Legal Services Board (LSB) for probate; and the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) for AML.
We agree the number of monitoring reviews and the types of firms we need review annually with each oversight regulator.
If you have any questions about your review, please contact QADvisits@icaew.com